Medicaid Planning

Description

This course will explain the Medicaid system so the practitioner can identify Medicaid pitfalls as well as planning opportunities for clients who wish to retain assets and still qualify for Medicaid. Medicaid fundamentals will be introduced, along with planning techniques and where common mistakes are often made.

Highlights

LINK AND INSTRUCTIONS TO COME FROM AES TAX ONE DAY PRIOR TO SESSION

Objectives

After completing this course participant will be able to:

• Explain the basis of Medicaid for long-term care planning.
• Describe the "look back" rules.
• Identify assets considered available resources.
• Explain implications for the community spouse.
• Describe exempt assets.
• Describe spend-down planning.
• Apply planning strategies using trusts.
• Describe different types of trusts.
• Differentiate different trusts to protect assets from being considered by Medicaid.
• Avoid payback to the State at death of the applicant.
• Incorporate planning for estate recovery.
• Plan for the disabled child on Medicaid.
• Incorporate an IRA in spend-down planning.
• Plan with the home.
• Explain how gifts can allow sharing of the Medicaid applicant's assets.
• Evaluate long-term care insurance in Medicaid planning.